Euro / Japanese YenShort
EURJPY Short 1Day- Potential bounce off 78% fib
- Short at 78% Fib extension, hoping to profit on the 3rd wave of movement starting at 133.125.
Entry
124.339
Confirmations
1) Below Ich Cloud
2) Conversion & base crossed
3) Lagging Span well below cloud
4) Price closed below All Moving averages (15,50,200)
5) Counted 2 movements
6) MACD increased momentum (blue line)
7) Long wick candle at 118.575
Stop Loss
Above 61% fib line
Take profit
Let run, close when price crosses back over 50 MA and sonversion and base cross.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.